VOL. XLVI

No 5

3-February-2003

SUPPLY/DEMAND

DrKW Predicts 1mn B/D Oil Demand Rise In 2003

Dresdner Kleinwort Wasserstein (DrKW) predicts that global oil demand will rise by 1mn b/d in 2003, despite the fact that US GDP growth is expected to fall to its lowest level in a decade. In the report Oil Prices Wild Gyrations in Prospect, published on 22 January, DrKW analyst Mehdi Varzi says that while the global economy shows few signs of recovery, oil demand has picked up somewhat in recent months,...